SPX Earnings Reports

SPX reported strong results for Q4 2024, with revenue increasing 13.7% year-over-year and operating income growing 42.9%. Adjusted EPS improved by 21% compared to Q4 2023, driven by solid performance in the HVAC and Detection & Measurement segments.

SPX Technologies reported Q3 2024 results with revenue of $483.7 million and operating income of $78.9 million. Net income was $50.2 million, and adjusted EPS was $1.39. The company is well-positioned to achieve full-year guidance.

SPX Technologies reported strong Q2 2024 results, with revenue of $501.3 million and operating income of $74.6 million. Net income increased by 22.8% to $44.2 million, and adjusted EPS reached $1.42. The company raised its full-year adjusted EPS guidance to a range of $5.45 to $5.60.

SPX Technologies reported strong Q1 2024 results, with revenue increasing to $465.2 million and operating income rising to $64.6 million. Net income reached $49.0 million, and adjusted EPS was $1.25. The company is raising its full-year guidance for Adjusted EPS to a range of $5.15 to $5.40.

SPX Technologies reported a revenue of $469.4 million for Q4 2023, compared to $429.3 million in Q4 2022. The company's GAAP EPS was $0.67, while adjusted EPS reached $1.25, exceeding the $1.17 reported in the same quarter last year. The HVAC segment saw record margin and profitability.

SPX Technologies reported strong Q3 2023 results, with revenue increasing to $448.7 million from $370.5 million in Q3 2022. The company's GAAP EPS was $0.76, and adjusted EPS was $1.06. Due to the year-to-date performance, the company is increasing its full-year 2023 guidance for Adjusted EPS to a range of $4.22 to $4.32.

SPX Technologies reported Q2 2023 results with revenue of $423.3 million and GAAP EPS of $0.82. Adjusted EPS was $1.06. The company is raising its full-year 2023 Adjusted EPS guidance to a range of $4.15-$4.30.

SPX Technologies reported a strong first quarter in 2023, with significant organic revenue growth in both its HVAC and Detection & Measurement segments. The company's performance was driven by strong demand and execution in HVAC. Based on these results, SPX Technologies is updating its full-year 2023 Adjusted EPS guidance to a range of $3.80 to $3.95.

SPX Technologies reported a revenue increase to $429.3 million for Q4 2022, up from $350.0 million in Q4 2021. However, the company experienced an operating loss of $24.9 million, primarily due to a loss related to the divestiture of the asbestos portfolio. Adjusted EPS was $1.17, compared to $0.88 in the prior year.

SPX Technologies reported a strong third quarter with revenue of $370.5 million and adjusted EPS of $0.81. The company is raising full-year adjusted EPS guidance to a range of $2.85-$2.95.

SPX Corporation reported strong Q2 results with revenue growth driven by both HVAC and Detection & Measurement segments. Adjusted operating income increased by 47%, and margin increased by 220 basis points. The company raised its full-year adjusted EPS guidance to reflect the strong Q2 results, outlook for the second half, and impact of stock repurchases.

SPX Corporation reported a stronger than anticipated first quarter with revenue of $307.1 million and GAAP EPS of $0.28. The company is updating its full-year adjusted EPS guidance to reflect the ITL acquisition, anticipating approximately 16% year-on-year growth.

SPX Corporation reported Q4 2021 revenue of $350.0 million, a slight increase from $348.3 million in Q4 2020. Operating income was $13.9 million, compared to $29.1 million in the same period last year. Adjusted earnings per share was $0.88, down from $0.94 in Q4 2020.

SPX Corporation reported strong demand and bookings in Q3 2021, with revenue of $285.8 million and operating income of $11.8 million. The company closed the sale of Transformer Solutions, but faced accelerating supply chain challenges impacting revenue and margin performance. SPX is updating its 2021 full-year guidance to reflect these constraints.

SPX Corporation reported Q2 2021 revenue of $296.7 million and operating income of $12.9 million. GAAP EPS was $0.32 and adjusted EPS was $0.49. The company is updating its full-year guidance to adjusted EPS in a range of $2.25-$2.45 and is on track for 'SPX 2025' targets.

SPX Corporation reported first-quarter revenue of $398.5 million and operating income of $31.7 million. GAAP EPS was $0.60, and adjusted EPS was $0.68. The company is updating its full-year 2021 Adjusted EPS guidance to a range of $3.06-$3.26 due to the acquisition of Sealite.

SPX Corporation reported Q4 2020 results with a revenue of $456.8 million, an increase from $443.4 million in Q4 2019. However, the operating income decreased to $34.9 million from $51.6 million in the same period. The adjusted EPS was $0.89, down from $0.96 in Q4 2019.

SPX Corporation reported Q3 2020 results with revenue of $363.4 million and operating income of $30.0 million. GAAP EPS was $0.49, and adjusted EPS was $0.64. The company anticipates full-year 2020 earnings to be modestly higher than 2019.

SPX Corporation reported revenue of $373.2 million and operating income of $34.4 million for the second quarter of 2020. Diluted income per share from continuing operations was $0.62, and adjusted income per share was $0.64.

SPX Corporation reported a revenue of $369.3 million and an operating income of $32.7 million for Q1 2020. The diluted income per share was $0.50, and the adjusted income per share was $0.62. The company has withdrawn its full-year 2020 guidance due to the uncertain economic environment.

SPX Corporation reported Q4 2019 revenue of $444.6 million and operating income of $51.0 million. The adjusted EPS was $0.96, compared to $0.91 in Q4 2018. The company completed the acquisition of Patterson-Kelley within its HVAC segment.